As bitcoin’s price rallied in 2024 and 2025, a significant amount of long-dormant BTC (held in the same address for a year or more) moved onchain – these two years rivaled only by the 2017 bull run. Although onchain coin movements do not necessarily equate to moving coins to an exchange to sell, nonetheless most bitcoiners tend to buy and “hodl” their coins, and the heuristic has proven its usefulness over time. As with any asset class, when BTC rises significantly, long-term holders find themselves deeply in profit. Thus, substantial movements of dormant coins are often a leading indicator of upward price momentum ... (full story)